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MACROTECH DEVELOPERS Gains 4%; BSE REALTY Index Up 1.2%
Tue, 26 Nov 9:40

MACROTECH DEVELOPERS Gains 4%; BSE REALTY Index Up 1.2%Image source: alexsl/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 4% and is presently trading at Rs 1,281.6.

Meanwhile, the BSE REALTY index is at 8,124.1 (up 1.2%).

Among the top gainers in the BSE REALTY index today are OBEROI REALTY (up 2.2%) and Sobha (up 2.0%).

Brigade Enterprises (down 1.9%) and MAHINDRA LIFESPACE (down 0.2%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 864.1 to Rs 1,281.6, registering a gain of Rs 417.5 (up 48.3%).

On the other hand, the BSE REALTY index has moved up from 5,493.3 to 8,124.1, registering a gain of 47.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 93.6%), Sobha (up 92.3%) and Brigade Enterprises (up 65.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,399.7 (up 0.4%).

The top gainers among the BSE Sensex today are Infosys (up 2.1%) and Tata Steel (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,312.2 (up 0.4%). Bharat Electronics and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,399.7, registering a gain of 14,376.4 points (up 21.8%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit grew 104.9% YoY to Rs 4,237 million for the quarter ended September 2024, compared to a profit of Rs 2,068 million a year ago. Net sales rose 50.1% to Rs 26,257 million during the period as against Rs 17,496 million in July-September 2023.

For the year ended March 2024, MACROTECH DEVELOPERS reported 217.5% increase in net profit to Rs 15,542 million compared to net profit of Rs 4,895 million during FY23. Revenue of the company grew 8.9% to Rs 103,161 million during FY24.

The current Price to earnings ratio of MACROTECH DEVELOPERS, based on rolling 12 month earnings, stands at 61.4.


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